Looking to diversify beyond FORTX? The mutual funds below have historically moved differently from FORTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FORTX
5 mutual funds have low correlation with FORTX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.01, roughly unchanged from 0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.01 | 0.08 | — | 66 | Diversified Portfolio | FORTX vs MHELX | |
| Hennessy Total Return Fund | 0.13 | 0.33 | — | 69 | Diversified Portfolio | FORTX vs HDOGX | |
| Hennessy Balanced Fund | 0.17 | 0.35 | — | 89 | Diversified Portfolio | FORTX vs HBFBX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.23 | 0.21 | — | 83 | Diversified Portfolio | FORTX vs SIFAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.27 | 0.24 | — | 99 | Diversified Portfolio | FORTX vs STDAX |
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